Project Description
The project is a technical partnership with Swiss Re, a global reinsurer.
Phase I establishes a work plan and strategy for the partnership,
encompassing existing and new projects as well as knowledge management and
aggregation. Phase II (through 2013) implements the work plan, including a
technical review of existing projects, building up of the new-project
pipeline, and development of projects led by Swiss Re. Objectives are to:
1) establish a competitive marketplace for reinsurance, enabling access to
regional and global secondary markets (reinsurers) for risk mitigation; 2)
provide technical support for project development, including technical
analysis of current and future projects submitted for grant funding to the
GIIF (Global Index Insurance Facility) Trust Fund (GTF); and 3) provide
technical services to IFC in broader scoping and awareness-raising work,
along with IFC regional staff and experts. Longer-term outcomes include
entry into the international market of up to three new leading reinsurers
by 2013, development and implementation of up to eight products (two
products over two countries per year, over the next two years), and
increased profile and capacity of GIIF